ONDO is gaining momentum with a surge in its price, in line with the entire crypto market. The token has gained 2.28% in the past 24 hours and 3.89% over the last week. At press time, the token is trading at $0.9469 with a market capitalization of $3.01 billion. Trading volume has jumped 43.21% to $214.29 million, signaling strong participation from buyers.
The latest surge reflects renewed interest after weeks of sideways movement. Consolidation near the $0.90–$0.92 range provided a solid base for a push higher. That stability allowed the token to break through resistance at $0.94–$0.95, a zone that capped gains for several weeks. The decisive breakout indicates sellers are losing momentum while buyers are stepping back in with confidence.
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Fidelity has introduced the Fidelity Digital Interest Token (FDIT), a tokenized money market fund. Its structure is anchored almost entirely by Ondo Finance’s Short-Term US Treasuries Fund (OUSG), which makes up more than 99% of FDIT’s assets. The launch underscores the growing role of tokenization as major institutions embrace on-chain products.
Ondo, an early mover in the sector, launched OUSG in January 2023 and has integrated funds from BlackRock, Franklin Templeton, WisdomTree, and now Fidelity. With more than $730 million locked, OUSG provides instant redemptions, daily interest accrual, and multi-chain support. This position Ondo as a leading bridge between traditional finance and decentralized finance.
The collaboration with Fidelity adds another layer of credibility. It also strengthens the case for tokenized assets as efficient and transparent investment vehicles. As adoption grows, Ondo is expected to remain at the center of this evolving ecosystem.
ONDO’s technical outlook is leaning bullish. The recent breakout above the $0.94–$0.95 resistance level has created room for further upside. The first resistance to watch is $1.05, a point that has previously triggered strong rejections. A push beyond $1.05 could drive the price toward $1.20, where selling pressure remains.
Analysts see a long-term breakout target of $1.50-$1.52, which would mark a 61% rally from current levels. The prediction falls within areas of congestion in the past and is suggestive of the possibility of the reversal of the trend. Momentum that’s accompanied by compression over weeks reinforces the positive outlook.
Downside risk remains if the token breaks through the support at $0.94. Support levels are at $0.92 and $0.90, with other levels at around $0.88. A breakdown through there could invalidate the breakout. For now, the balance is tilted in the upside direction, with bulls eyeing $1.05 as the big test.
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